Originally published at http://www.commondreams.org/views/2020/07/06/shrink-wall-street-guarantee-good-jobs
While I certainly agree in principle with this tax I do worry about how predictable a revenue stream from it would be, since it is truly based on volatility, itself an intrinsically unpredictable entity. I don’t know if there are forensic studies out there or that could be performed to address this issue–that is I don’t know how transparent market transactions truly are.
Is it just moronic to ask why do we need a stock market? Or why do we need incorporation, at all? I’d hate to be the guy yo ask those stupid questions.